Friday, 12 December 2014

UMNO leader lodges police report on 1MDB

Batu Kawan Umno Division deputy leader Datuk Seri Khairuddin Abu Hassan speaking to members of the media after lodging the police report on 1MDB at the Dang wangi police station in Kuala Lumpur after Friday prayers today.

The report urges the authorities to look into the following, among other things:

The procedures 1MDB follows in raising funds from overseas and in disbursing its funds

The question of 1MDB paying interest at rates higher than the market rate

The question of 1MDB paying fees to Goldman Sachs International that are considered exorbitant

The less-than-transparent parking of funds overseas, specifically in the Cayman Islands

Petaling Jaya Utara MP Tony Pua’s statement that the Finance Ministry had issued a letter of support to guarantee 1MDB’s loans and Deputy Finance Minister Ahmad Maslan’s subsequent assertion that no such letter had been issued

The purchase of energy assets from Powertek Energy and Sanyen Power Sdn Bhd at prices higher than the market price

The purchase of 234 acres of land in Air Itam at RM1.38 billion, which will be hard to recover from the proposed housing projects

The US$1.2 billion investment in PetroSaudi International Ltd, which was done without transparency

The purchase of land from Tadman Resources Bhd in Pulau Indah for RM317 million

The purchase, at a premium price, of the site for the Tun Razak Exchange project.

Speaking to the press after making the report, he said he was not worried that Umno might take action against him. “I’ll ask them on what grounds they would take action because I made the report against a private company, not Umno,” he said. -FMT

If the grassroots can vehemently voice their displeasure against the abolition of the Sedition Act, surely they can voice out against the shadowy dealings of 1MDB & this time really make sure Najib listens to what's going on behind his back...or could this set the ball rolling for the start of Najib's (own) downfall?